J.C. Penney sales fall short, net loss doubles; shares sink

reported an 18 percent jump in second-quarter net income last week, thanks to improved license and maintenance revenue. Still, revenue fell short of market expectations and it also issued a weak third.

J. C. Penney Company, Inc. (stylized as JCPenney) is an American department store chain with.. By the mid-1980s, all J. C. Penney stores had discontinued sales of firearms.. Also on May 21, JCPenney announced a net sales decline of 5.6% and a net loss of $154. "JCPenney plans to close 27 stores as sales sink".

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J.C. Penney Withdraws 2018 Guidance as 3Q Sales Tumble J.C. Penney reported better-than-expected sales growth, citing strength in all of its merchandise divisions, but shares fell amid concerns about holiday spending by consumers.

For investors wondering if J.C. Penney will sink or swim, this is the moment they have been waiting for. Make or Break Time for J.C. Penney — The motley fool latest stock picks

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05/24, J C PENNEY : jcpenney announces shawn gensch as Chief Customer Officer. AQ. 05/21, J.C. Penney sales fall short, net loss doubles; shares sink. RE .

Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the retailer exited its appliance and in-store furniture businesses.

PLANO, Texas (AP) – Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss at first did not appear.

JCP J. C. Penney Company, Inc. daily Stock Chart.. 11:33AM, J.C. Penney sales fall short, net loss doubles; shares sink Reuters. 11:21AM, Why Nike's Letter.

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Soon we saw J.C. Penney partnering with Nichole Miller. Yet, as Tapestry discovered, familiarity breeds contempt. Sales of Tapestry’s Coach handbags plunged as consumers discovered that they could.

J.C. Penney’s sales traction and high short interest could lead to one of the biggest short squeezes of the spring season. The retailer reported a smaller than-expected-loss and strong sales.

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Net income fell to $. for accelerating growth of B2B sales across customer segments and vertical markets, according to a company press release earlier this week. He will also manage contract sales.

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